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- “Now I’ll highlight examples of our momentum and progress starting with Azure. Azure again took share this quarter with our AI advantage.”
- “Azure offers the top performance for AI training and inference in the most diverse selection of AI accelerators.”
- “Azure Maia.”
- “And with Azure AI, we provide access to the best selection of foundation and open-source models.”
- “We now have 53,000 Azure AI customers.”
- “Our new models of service offering makes it easy for developers to use LLM’s from our partners like Cohere, Meta, and Mistral on Azure, without having to manage underlying infrastructure.”
- “And we have great momentum with Azure OpenAI Service.”
- “Walmart shared how it’s using Azure OpenAI Service along with its own proprietary data and models.”
- “Customers continue to choose Azure to simplify and accelerate their cloud migrations.”
- “We are seeing larger and more strategic Azure deals.”
- “Vodafone, for example, will invest $1.5 billion in Cloud and AI services over the next 10 years as it works to transform the digital experience of more than 300 million customers worldwide.”
- “Our Microsoft Intelligent Data Platform brings together operational databases, analytics, governance, and AI to help organizations simplify and consolidate their data estates.”
- “Cosmos DB is the go-to database to build AI-powered apps at any scale powering workloads for companies in every industry from AXA and Kohl’s to Mitsubishi and TomTom.”
- “KPMG, for example, has used Cosmos DB including its built-in native vector search capabilities along with Azure OpenAI service to power an AI assistant.”
- “OpenAI is using it for retrieval augmented generation as part of ChatGPT.”
- “Intelligent Cloud segment, revenue was $25.9 billion, increasing 20% and 19% in constant currency, ahead of expectations, with better-than-expected results across all businesses.”
- “Overall server products and cloud services revenue grew 22% and 20% in constant currency.”
- “Azure and other cloud services revenue grew 30% and 28% in constant-currency, including 6 points of growth from AI services.”
- “In our on-premises server business, revenue increased 3% and 2% in constant currency, ahead of expectations, driven primarily by the better-than-expected demand related to Windows Server 2012 end of support.”
- “For Intelligent Cloud, we expect revenue of $26 billion to $26.3 billion or growth between 18% and 19%.”
- “Revenue will continue to be driven by Azure, which, as a reminder, can have quarterly variability, primarily from our per-user business and from in-period revenue recognition, depending on the mix of contracts.”
- “In Azure, we expect Q3 revenue growth in constant currency to remain stable to our stronger-than-expected Q2 results.”
- “Growth will be driven by our Azure consumption business with continued strong contribution from AI.”